Recent Research Analysts’ Ratings Changes for NBT Bancorp (NBTB)

Several analysts have recently updated their ratings and price targets for NBT Bancorp (NASDAQ: NBTB):

  • 8/1/2017 – NBT Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2017 – NBT Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/28/2017 – NBT Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
  • 7/26/2017 – NBT Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $35.00 price target on the stock.
  • 7/25/2017 – NBT Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/25/2017 – NBT Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $38.50 price target on the stock.
  • 7/14/2017 – NBT Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $35.50 price target on the stock.
  • 7/12/2017 – NBT Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/30/2017 – NBT Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – NBT Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
  • 6/24/2017 – NBT Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
  • 6/22/2017 – NBT Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/10/2017 – NBT Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
  • 6/9/2017 – NBT Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/9/2017 – NBT Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “

Shares of NBT Bancorp Inc. (NASDAQ NBTB) traded down 0.03% during mid-day trading on Tuesday, hitting $35.34. The company had a trading volume of 46,961 shares. The firm’s 50 day moving average is $36.56 and its 200-day moving average is $38.15. NBT Bancorp Inc. has a 12-month low of $30.28 and a 12-month high of $42.56. The firm has a market cap of $1.54 billion, a PE ratio of 19.00 and a beta of 0.88.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $99.93 million for the quarter, compared to the consensus estimate of $100.91 million. NBT Bancorp had a return on equity of 8.81% and a net margin of 19.68%. During the same period in the previous year, the business earned $0.46 earnings per share. On average, equities analysts expect that NBT Bancorp Inc. will post $1.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, August 30th. NBT Bancorp’s payout ratio is 49.46%.

In other news, Director John C. Mitchell sold 1,570 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $36.27, for a total value of $56,943.90. Following the transaction, the director now directly owns 34,219 shares of the company’s stock, valued at approximately $1,241,123.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Mitchell sold 1,438 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $35.48, for a total value of $51,020.24. Following the completion of the transaction, the director now directly owns 32,781 shares in the company, valued at $1,163,069.88. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by insiders.

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

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